Baldwin & Lyons (BWINB) Upgraded by BidaskClub to “Hold”

Baldwin & Lyons (NASDAQ:BWINB) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, TheStreet raised shares of Baldwin & Lyons from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th.

Baldwin & Lyons (NASDAQ:BWINB) traded up $0.35 on Friday, hitting $24.05. The stock had a trading volume of 15,549 shares, compared to its average volume of 12,614. The stock has a market capitalization of $356.35, a price-to-earnings ratio of 54.66 and a beta of 0.89. Baldwin & Lyons has a one year low of $21.20 and a one year high of $25.40.

Baldwin & Lyons (NASDAQ:BWINB) last released its earnings results on Wednesday, November 8th. The insurance provider reported $0.24 earnings per share (EPS) for the quarter. Baldwin & Lyons had a negative return on equity of 1.83% and a net margin of 1.99%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Baldwin & Lyons by 21.4% during the second quarter. The Manufacturers Life Insurance Company now owns 10,215 shares of the insurance provider’s stock worth $251,000 after buying an additional 1,799 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Baldwin & Lyons by 9.3% in the second quarter. Russell Investments Group Ltd. now owns 11,050 shares of the insurance provider’s stock valued at $271,000 after purchasing an additional 943 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Baldwin & Lyons by 7.7% in the second quarter. Alliancebernstein L.P. now owns 12,650 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 900 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Baldwin & Lyons by 5.6% in the second quarter. Teachers Advisors LLC now owns 15,656 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 836 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Baldwin & Lyons by 18.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 17,687 shares of the insurance provider’s stock valued at $424,000 after purchasing an additional 2,737 shares during the last quarter. 47.87% of the stock is currently owned by institutional investors and hedge funds.

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Baldwin & Lyons Company Profile

Baldwin & Lyons, Inc is a specialty property-casualty insurer providing liability coverage for large and medium-sized trucking and public transportation fleets, as well as coverage for trucking industry independent contractors. Through its divisions and subsidiaries, the Company engages in marketing and underwriting property and casualty insurance, including a limited assumption of risks as a reinsurer of other companies.

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